The following editorial is interesting, not only for what it says, but also
for what it does NOT say.

Think about this. If what this author states is true, then under the right
conditions, a similar method could be used to herd people towards accepting
the infamous Mark of the Beast, or 666 global, computerized identification
and credit system.

In other words, if the powerful elite of the world -- the International
Jewish Bankers and their ilk -- are currently, and purposely, manipulating
the global economy in order to fuel a high level of unemployment -- and I do
believe that the economy is ALWAYS being manipulated -- what might the end
goal of this process be?

Well, one of the fruits of high unemployment is that it makes people more
dependent on the government for hand-outs, without which they might not be
able to survive. In other words, during times of high employment, people
become more vulnerable; they become more weakened; and due to their
desperate situation, they also become more open to accepting certain
government measures which they might not normally accept, which might even
limit their personal freedoms.

In short, as I have said before, governments -- and the global elite which
controls them -- will sometimes intentionally create problems, and force
people to suffer, so that at the right time, after the people have been
softened and weakened, they will be willing to accept whatever solution the
government has already previously concocted, and that solution will enslave
them to, and make them dependent upon, the government even further. People
will opt to swallow the government's bitter pill, simply because there is no
other choice available . . . at least so they are led to believe.

Having said that, do you now understand how the global elite could use
extended high unemployment as a mechanism to introduce the Mark of the Beast
system? People might not like it, but they will be forced to accept it; that
is, if they want to survive, and continue doing business as usual.

Think about it. It may be later than you think!


Defining Prosperity Down

By PAUL KRUGMAN - NYT

August 1, 2010


I'm starting to have a sick feeling about prospects for American workers --
but not, or not entirely, for the reasons you might think.

Yes, growth is slowing, and the odds are that unemployment will rise, not
fall, in the months ahead. That's bad. But what's worse is the growing
evidence that our governing elite just doesn't care -- that a
once-unthinkable level of economic distress is in the process of becoming
the new normal.

And I worry that those in power, rather than taking responsibility for job
creation, will soon declare that high unemployment is "structural," a
permanent part of the economic landscape -- and that by condemning large
numbers of Americans to long-term joblessness, they'll turn that excuse into
dismal reality.

Not long ago, anyone predicting that one in six American workers would soon
be unemployed or underemployed, and that the average unemployed worker would
have been jobless for 35 weeks, would have been dismissed as outlandishly
pessimistic -- in part because if anything like that happened, policy makers
would surely be pulling out all the stops on behalf of job creation.

But now it has happened, and what do we see?

First, we see Congress sitting on its hands, with Republicans and
conservative Democrats refusing to spend anything to create jobs, and
unwilling even to mitigate the suffering of the jobless.

We're told that we can't afford to help the unemployed -- that we must get
budget deficits down immediately or the "bond vigilantes" will send U.S.
borrowing costs sky-high. Some of us have tried to point out that those bond
vigilantes are, as far as anyone can tell, figments of the deficit hawks'
imagination -- far from fleeing U.S. debt, investors have been buying it
eagerly, driving interest rates to historic lows. But the fearmongers are
unmoved: fighting deficits, they insist, must take priority over everything
else -- everything else, that is, except tax cuts for the rich, which must
be extended, no matter how much red ink they create.

The point is that a large part of Congress -- large enough to block any
action on jobs -- cares a lot about taxes on the richest 1 percent of the
population, but very little about the plight of Americans who can't find
work.

Well, if Congress won't act, what about the Federal Reserve? The Fed, after
all, is supposed to pursue two goals: full employment and price stability,
usually defined in practice as an inflation rate of about 2 percent. Since
unemployment is very high and inflation well below target, you might expect
the Fed to be taking aggressive action to boost the economy. But it isn't.

It's true that the Fed has already pushed one pedal to the metal: short-term
interest rates, its usual policy tool, are near zero. Still, Ben Bernanke,
the Fed chairman, has assured us that he has other options, like holding
more mortgage-backed securities and promising to keep short-term rates low.
And a large body of research suggests that the Fed could boost the economy
by committing to an inflation target higher than 2 percent.

But the Fed hasn't done any of these things. Instead, some officials are
defining success down.

For example, last week Richard Fisher, president of the Federal Reserve Bank
of Dallas, argued that the Fed bears no responsibility for the economy's
weakness, which he attributed to business uncertainty about future
regulations -- a view that's popular in conservative circles, but completely
at odds with all the actual evidence. In effect, he responded to the Fed's
failure to achieve one of its two main goals by taking down the goalpost.

He then moved the other goalpost, defining the Fed's aim not as roughly 2
percent inflation, but rather as that of "keeping inflation extremely low
and stable."

In short, it's all good. And I predict -- having seen this movie before, in
Japan -- that if and when prices start falling, when below-target inflation
becomes deflation, some Fed officials will explain that that's O.K., too.

What lies down this path? Here's what I consider all too likely: Two years
from now unemployment will still be extremely high, quite possibly higher
than it is now. But instead of taking responsibility for fixing the
situation, politicians and Fed officials alike will declare that high
unemployment is structural, beyond their control. And as I said, over time
these excuses may turn into a self-fulfilling prophecy, as the long-term
unemployed lose their skills and their connections with the work force, and
become unemployable.

I'd like to imagine that public outrage will prevent this outcome. But while
Americans are indeed angry, their anger is unfocused. And so I worry that
our governing elite, which just isn't all that into the unemployed, will
allow the jobs slump to go on and on and on.



Jeff Snyder, SysOp - Armageddon BBS  Visit us at endtimeprophecy.org port 23
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